Economic Tracker

Emerging Europe is expected to see a subdued growth of about 2% in H1 2015 due to lower investor confidence and uncertainty associated with the Greek and Ukraine crises. European Central Bank’s monetary stimulus from March 2015 is expected to reduce deflation and the proposed European Union investment plan is likely to improve investments in key...

Growth in Western European economies is expected to recover gradually in 2015 as compared to 2014, mainly owing to the European Central Bank’s trillion-Euro monetary stimulus. Moreover, depreciation of Euro is expected to provide the much needed boost to the exports of the region in 2015. The uncertainty around the ongoing crisis in Greece is ant...

BRICS countries are expected to end 2014 on a low note, owing to various domestic as well as external factors. Weak global recovery is taking a toll on the external demand of these countries, while high consumer prices are likely to hinder strong private consumption growth in the coming quarters. Investors’ sentiments remain uncertain in Q4 2014,...

After a subpar performance in 2014, BRICS’s GDP growth is likely to recover in 2015, albeit at a very slow rate. Supportive government policies are likely to boost consumer demand and investment gradually in the BRICS economies in H1 2015. Overall, the outlook for H1 2015 remains restrained but stable.

Compared to the previous year, economy in BRICS countries including Brazil, Russia, India, China and South Africa has shown downward trend in 2014. Except China and India, GDPs of the other emerging BRICS countries are likely to remain close to their 2013 levels. Despite huge opportunities, political instability, rising consumer prices, high unempl...

Germany and the United Kingdom are gradually emerging from the ongoing Eurozone debt crisis and are expected to post moderate growth in H2 2013. However, despite positive indications, France, Italy and Spain are likely to experience either negative or flat economic growth in 2013. The European Central Bank (ECB) will maintain low interest rates to ...

Emerging Middle East and Africa (MEA) is one of the fastest developing regions, with economies showing relative resilience to the global economic downturn and strengthened performance expected in the short term. Within the MEA region there are divergent growth patterns in H2 2013. The political instability in Egypt has severely hampered growth pros...

Emerging Latin America's growth will remain moderate in Q4 2013 due to slow recovery in external demand. Private consumption demand will remain the main driver for growth in Q4 2013 and Q1 2014. Improvement in current account balances and currency values is unlikely in the short run. Foreign direct investment into the region is likely to remain sta...

Romania and Turkey are gaining momentum, projecting positive growth in H2 2013. Eastern Europe is expected to grow at an average annual rate of 2.2 percent in 2013, with the automotive sector being the key for growth. Hungary and Turkey have completed their debt repayments to the IMF, while Ukraine is in the process of completing it. The region is ...